Can I retire at age 54 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$75,725$75,050$74,392$73,750$73,123$72,209
2 years$37,488$36,789$36,113$35,457$34,820$33,901
3 years$24,743$24,042$23,367$22,717$22,092$21,195
4 years$18,373$17,674$17,005$16,367$15,756$14,889
5 years$14,551$13,856$13,197$12,571$11,977$11,143
6 years$12,004$11,315$10,665$10,053$9,477$8,676
7 years$10,186$9,502$8,863$8,265$7,708$6,940
8 years$8,823$8,145$7,516$6,934$6,394$5,660
9 years$7,763$7,092$6,474$5,906$5,385$4,684
10 years$6,916$6,251$5,644$5,091$4,588$3,920
11 years$6,223$5,565$4,969$4,431$3,946$3,310
12 years$5,646$4,995$4,410$3,886$3,419$2,815
13 years$5,158$4,514$3,940$3,431$2,982$2,408
14 years$4,741$4,103$3,540$3,046$2,614$2,070
15 years$4,379$3,748$3,196$2,716$2,301$1,787
16 years$4,063$3,439$2,898$2,432$2,034$1,547
17 years$3,784$3,167$2,637$2,185$1,804$1,344
18 years$3,537$2,926$2,407$1,969$1,604$1,170
19 years$3,315$2,712$2,204$1,779$1,429$1,021
20 years$3,117$2,520$2,022$1,612$1,277$892
21 years$2,937$2,348$1,860$1,463$1,143$781
22 years$2,774$2,191$1,714$1,330$1,024$685
23 years$2,625$2,050$1,583$1,211$919$601
24 years$2,489$1,920$1,464$1,105$826$528
25 years$2,364$1,802$1,356$1,009$744$464
26 years$2,249$1,694$1,258$922$670$408
27 years$2,142$1,594$1,168$844$604$360
28 years$2,044$1,502$1,086$774$545$317
29 years$1,952$1,417$1,010$709$492$279
30 years$1,867$1,338$941$651$445$246
31 years$1,787$1,265$877$598$402$217
32 years$1,712$1,197$818$549$364$192
33 years$1,642$1,134$764$505$329$169
34 years$1,576$1,074$714$465$298$150
35 years$1,515$1,019$668$428$270$132
36 years$1,456$967$625$394$244$117
37 years$1,401$919$585$363$222$103
38 years$1,349$873$547$335$201$91
39 years$1,300$830$513$309$182$81
40 years$1,254$790$481$285$165$71
41 years$1,209$752$451$263$150$63
42 years$1,167$716$423$242$136$56
43 years$1,128$682$397$224$123$49
44 years$1,090$650$372$207$112$44
45 years$1,053$620$350$191$102$39
46 years$1,019$592$328$176$92$34
47 years$986$565$309$163$84$30
48 years$954$539$290$150$76$27
49 years$924$515$273$139$69$24
50 years$895$492$256$129$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $917,000, adding $3,055 every year, while hoping to spend $26,428 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/23/9 Blend
53$917,000$917,000$917,000$917,000
54$1,013,685$965,084$950,871$1,080,643
55$1,088,962$984,254$954,606$1,144,640
56$1,171,031$1,003,478$957,580$1,211,128
57$1,260,558$1,022,729$959,740$1,283,138
58$1,358,274$1,041,982$961,031$1,361,207
59$1,464,984$1,061,206$961,392$1,445,924
60$1,581,577$1,080,369$960,763$1,537,943
61$1,709,027$1,099,437$959,078$1,637,980
62$1,848,411$1,118,373$956,270$1,746,825
63$2,000,911$1,137,135$952,267$1,865,349
64$2,167,831$1,155,682$946,996$1,994,512
65$2,350,606$1,173,967$940,376$2,135,370
66$2,550,817$1,191,939$932,327$2,289,088
67$2,770,202$1,209,547$922,763$2,456,950
68$3,010,680$1,226,732$911,592$2,640,369
69$3,274,362$1,243,434$898,723$2,840,904
70$3,563,571$1,259,586$884,054$3,060,273
71$3,880,869$1,275,120$867,484$3,300,369
72$4,229,077$1,289,960$848,904$3,563,275
73$4,611,301$1,304,026$828,201$3,851,293
74$5,030,964$1,317,234$805,256$4,166,953
75$5,491,837$1,329,492$779,946$4,513,049
76$5,998,071$1,340,704$752,141$4,892,658
77$6,554,242$1,350,767$721,705$5,309,169
78$7,165,390$1,359,570$688,498$5,766,320
79$7,837,067$1,366,996$652,370$6,268,231
80$8,575,392$1,372,923$613,168$6,819,441
81$9,387,101$1,377,216$570,729$7,424,953
82$10,279,622$1,379,735$524,884$8,090,282
83$11,261,133$1,380,332$475,458$8,821,505
84$12,340,648$1,378,847$422,265$9,625,321
85$13,528,095$1,375,112$365,112$10,509,112
86$14,834,417$1,368,949$303,799$11,481,014
87$16,271,666$1,360,166$238,115$12,549,997
88$17,853,126$1,348,564$167,842$13,725,943
89$19,593,429$1,333,928$92,749$15,019,747
90$21,508,701$1,316,033$12,598$16,443,415
91$23,616,708$1,294,637$0$18,010,180
92$25,937,026$1,269,489$0$19,741,629
93$28,491,226$1,240,318$0$21,648,581
94$31,303,077$1,206,838$0$23,747,564
95$34,398,767$1,168,750$0$26,058,133
96$37,807,155$1,125,732$0$28,601,835
97$41,560,040$1,077,448$0$31,402,418
98$45,692,460$1,023,539$0$34,486,051
99$50,243,026$963,628$0$37,881,577
100$55,254,282$897,313$0$41,620,780